Kamala’s Costly Coconut Dreams

Freedom Financial News | Posted Aug 02, 2024

The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely. – Matt Taibbi

The national debt is a ticking time bomb that demands immediate attention. $35 Trillion, and ticking.

The next president must have a triaged plan to address this crisis, balancing fiscal responsibility with necessary investments in the country’s future.

Voters must scrutinize the candidates’ proposals and hold them accountable for their economic policies. The survival of our Nation depends on it.

  • $35 Trillion Crisis: The national debt hits $35 trillion. Action needed now to stop a financial disaster.
  • Kamala’s Costly Plans: Harris backs $125 trillion in new spending, risking a debt explosion and economic chaos.
  • Bankruptcy Warning: Harris’ policies could bankrupt the U.S., leaving taxpayers with a crushing debt load.

The $35 Trillion Debt Milestone

As Kamala is busy singing poetically about “coconut trees,” we just crossed the $35 trillion in debt threshold.  That’s just the beginning of what VP  Harris would do if she becomes president.

The national debt is already a colossal burden, but Harris’ proposed policies would make it catastrophically worse.

Let’s dig into her national financial nightmare.

Socialized Health Care: A $32 Trillion Price Tag

Harris has long supported and propagated single-payer health care, meaning the federal government (you, the taxpayer) will pay for 100% of healthcare in America.

The tab will be $32 trillion over 10 years, according to the Mercatus Center. This massive expenditure would significantly increase federal control over health care, but at what cost?

More debt and less financial freedom for taxpayers. Communist Manifesto-esque?

For sure, socialized healthcare sounds all puppy-dog and Peter Cotton tails, but it’s a financial disaster waiting to happen, with taxpayers (you, your children and grandchildren) footing the bill.

The Green New Deal: $93 Trillion and Counting

The cost of the Green New Deal under Ms. Harris would be at least $93 trillion, according to the American Action Forum. This breaks down to $65,000 per household per year, just to start. You got an extra $65,000 in your bank account to hand over to the greenies?

The total cost to us taxpayers would be $94 trillion. Implementing such an extensive and costly plan would push the U.S. toward bankruptcy, leaving future generations to bear the burden.

The Green New Deal is an economic black hole, threatening to bankrupt the country with its astronomical costs.

The Imminent Financial Collapse

The United States will be completely bankrupt if Ms. Harris is elected.

Her policies promise massive government spending without a clear plan to manage or offset these expenses.

With the national debt already at $35 trillion, adding these additional burdens would cripple the economy and leave taxpayers struggling under an insurmountable debt load.

During the 2008 presidential campaign, Barack Obama publicly chastised George Bush for raising the national debt to $8 Trillion. Where is Obama on $35 Trillion? Crickets. On to his fourth term?

Freedom Financial News Team